Spain's OHLA shares drop on weaker industrial division revenues

Obrascon Huarte Lain SA

28/11/2025 09:10

** Shares of Spanish construction firm OHLA OHLA.MC fall about 7% after its turnover declined in the first nine months of 2025, driven by a significant drop in industrial division revenues

** Analysts from Renta4 say the revenue decline in the industrial division stems from contracts entering production, weighing on overall group performance

** Construction margins improve to 6.3% from 4.2% a year ago, but show a slowdown compared to the strong first half of 2025, they add

** The brokerage notes the company's net cash position also deteriorated significantly due to costs of 40 million euros ($46 million) from a project in Kuwait and cash outflows, despite capital increases completed earlier this year

** If the losses hold, the shares will see their worst one-day performance since March 28

($1 = 0.8645 euros)

(Reporting by Mireia Merino)

((mireia.merino@thomsonreuters.com))